Inside ASI-AP

June is our half-year for financial reporting so it is a significant set of results. In AP we have had a record 6 months - and not just beating previous results by a few % points, but in fact smashing them. Revenues were just under $4m for the 6 months - 15% ahead of budget and 34% ahead of last year. And all that with no increase in headcount - in fact there has been a decrease.

EBITDA results have also been strong ahead of both last year (by $500k) and budget (by $300k). Of particular significance is that Q2 was a great quarter in it's own right, further extending the already ahead of budget results posted in the first quarter (see full story on Q1 financials).

Globally we continued the strong results - total revenue just on budget for this year and 5% ahead of last year.

Our new business pipeline for Q3 has dropped off a little but we are still expecting to make our Q3 numbers. The consulting backlog starts to get back to a reasonable time in August as some of the large projects are finishing and we have added 2 full time consulting staff, and that should see some more satisfied customers.

Our main challenge now is to kept the momentum going for the rest of the year to ensure we keep making the numbers each quarter, while at the same time making some changes to boost our customer satisfaction results.